What's In Your Budget?
The Right Time for Business to Invest
As many of you would now be aware, the Accelerated Depreciation component of the proposed 2015 Budget may mean small businesses can enjoy an immediate tax deduction for any individual assets they buy costing less than $20,000*.
Further this $20,000 limit applies to each individual item. Small businesses can apply this $20,000 rule to as many individual items as they wish. These arrangements start from Budget night and continue until the end of June 2017*.
With this in mind, why not start thinking of what's in your budget for 2015 and beyond! Here are just a few ideas.......
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* Australian Government 2015 Budget, Jobs and Small Business - http://www.budget.gov.au/2015-16/content/highlights/jobsandsmallbusiness.html